Legal claims defining the scope of protection. Each claim is shown in both the original legal language and a plain English translation.
1. A global transfers of supported and unsupported currencies between accounts held by the same user computer system architecture processing a real time rate request from a customer, comprising: a global treasury system that processes first foreign exchange (FX) rates for first currencies supported by a global treasury to determine first transfer FX rates and comprising at least one processor and a memory comprising program instructions, wherein the program instructions are executable by the at least one processor; a local treasury system that process FX rates for currencies not supported by the global treasury to determine transfer FX rates and comprising at least one processor and a memory comprising program instructions, wherein the program instructions are executable by the at least one processor; a control system comprising at least one processor and a memory comprising program instructions, wherein the program instructions are executable by the at least one processor which when executed: receive, by a global customer data application executed on the control system, customer information including a plurality of personal internet banking system (FIB) profiles of information for a customer having accounts with a registered internet bank in more than one country where the bank is subject to a plurality of global treasury jurisdictions of that country, each global treasury having a respective transfer rate for that country; store, in a centralized customer database residing in the control system by the global customer data application, the customer information including the FIB profile information, where the FIB profiles for a customer for each bank account are linked, where the linked profiles are used for single sign on (SSO) when accessing that customer's accounts in different countries and for a global view of all international accounts that provides for global transfer between customer accounts; receive, at a front end application portlet executed on the control system, electronic global transfer instructions from a customer associated with a customer, wherein the front end application portlet is configured to provide integration into a personal internet banking system (FIB) of the customer and capture and validate amended instructions received from the customer computer, where the global customer data application authenticates the FIB of the customer, and upon authentication, provides the customer with access to linked PIBs for that customer all countries which that customer has accounts without requiring the customer to verify the PIBs in any other country's account; generate a user interface, by the control system, where the user interface comprises a country selection portlet executed on the control system, by retrieving a list of customer-linked profiles from a regional SSO server, displaying a list of countries that are electronically linked and owned by the customer and are available for global transfers; receive, at a transfer portlet executed on the control system, selections of countries that are to transfer funds from a debited side account to a credit side account from the customer computer, and verifying that the two countries selected by the customer are transactable; process, by a global transfers application executed on the control system, the electronic global transfer instructions received by the front end application portlet and the user interface at an enterprise application interface displayed from the customer computer and, responsive to said processing the electronic global transfer instructions, generate an electronic global transfer message to process an automatic transfer of funds from a debit side account of the customer with a debit side bank in a debit side country having debit side country specific requirements and rates to a credit side account of the customer with a credit side bank in a credit side country having credit side country specific requirements and rates, wherein the electronic global transfer message comprises a FX electronic transfer instruction or a non-FX electronic transfer instruction to be used in the automatic transfer between the debit side account in the debit side country and the credit side account in the credit side country; wherein the global customer data application is configured to process an automated linking validation comprising electronically verify that a debit side profile associated with the debit side account in the debit side country and a credit side profile associated with the credit side account in the credit side country correspond to the same customer information, and generate a linking validation result responsive thereto; where the automated linking validation further comprises analyzing at least one of front end (FE) updates to a regional single sign on (SSO) server, customer service representative (CSR) updates to the regional SSO server, SSO linking notifications to the global customer data application, global customer data application customer information retrieved from an entity system, and same person validation status retrieved using global name recognition (GNR); wherein the global transfers application is configured to electronically connect with the global customer data application to process a transfer authorization comprising electronically retrieve the linking validation result, electronically retrieve security compliance data matching (SCDM) scanning information for the customer account from the centralized customer database, and generate a transfer authorization result responsive thereto, wherein the SCDM provides a watchlist scan that performs a global compliance authorization check on the customer; where, when at least one of the debit side account in the debit side country and the credit side account in the credit side country has one or more joint parties for whom there is no SCDM scanning information stored in the centralized customer database, the global transfers application is configured to electronically connect with a third party system to perform a real time global compliance check for the joint parties; receive, at a foreign exchange application executed on the control system electronically connected to the local treasury system and global treasury system by a treasury application programming interface, real time rates for FX transfers, and process the real time rates when determining transfer FX rates that are used in the automatic transfer between the debit side account in the debit side country and the credit side account in the credit side country, wherein the foreign exchange application interfaces in real-time with a global treasury system to process debit side FX rates for currencies supported by the global treasury to determine debit side transfer FX rates, and wherein the foreign exchange application interfaces with the local treasury system to process credit side FX rates for currencies unsupported by the global treasury to determine credit side transfer FX rates, where the foreign exchange application is further configured to cache the rates for all the currency pairs and store them in the foreign exchange management application processor, and use cached rates during outages and weekend transfers; where the foreign exchange application comprises a foreign exchange management application process to generate and electronically transmit to the local treasury system an electronic request for quote (RFQ) to obtain the credit side FX rates for unsupported currencies to execute said processing by the at least one central processing unit to determine the credit side transfer FX rates, wherein the foreign exchange application is configured to generate a separate RFQ for each transaction, enabling a single deal per transaction; and wherein the foreign exchange application comprises a foreign exchange aggregation application process to obtain the debit side FX rates for supported currencies streamed in real-time from the global treasury system to execute said processing by the at least one central processing unit to determine the debit side transfer FX rates; wherein the global transfers application is further configured to execute the automatic transfer between the debit side account in the debit side country and the credit side account in the credit side country responsive to the transfer authorization result.
This invention relates to a system for enabling global transfers of supported and unsupported currencies between accounts held by the same user across multiple countries. The system addresses the challenge of facilitating seamless cross-border transactions while ensuring compliance with local regulations and providing real-time foreign exchange (FX) rates. The system comprises a global treasury system, a local treasury system, and a control system. The global treasury system processes FX rates for supported currencies to determine transfer rates, while the local treasury system handles currencies not supported by the global treasury. The control system manages customer data, authentication, and transfer processing. The control system includes a global customer data application that stores customer information, including linked profiles from multiple countries, enabling single sign-on (SSO) and a unified view of international accounts. A front-end application portlet captures and validates transfer instructions, while a user interface displays linked accounts for selection. The system verifies that selected accounts belong to the same customer through automated linking validation, which includes checks against regional SSO servers, customer service updates, and global name recognition. For compliance, the system performs security compliance data matching (SCDM) scans and real-time global compliance checks for joint account holders. The foreign exchange application retrieves real-time FX rates from the global and local treasury systems, caching rates for use during outages or weekends. It generates requests for quotes (RFQs) for unsupported currencies and aggregates rates for supported currencies. The global transfers application processes transfer instructions, gener
2. The global transfers computer system of claim 1 , wherein the foreign exchange computer application is configured to cache the real time rates at a predetermined time.
A global transfers computer system facilitates international financial transactions by providing real-time foreign exchange (FX) rates to users. The system includes a foreign exchange computer application that retrieves and caches real-time FX rates at predetermined intervals. This ensures that users have access to up-to-date exchange rates for accurate currency conversion during transactions. The caching mechanism optimizes performance by reducing the need for repeated real-time data retrieval, improving efficiency and reliability. The system may also include user interfaces for initiating transfers, displaying rate information, and confirming transactions. The cached rates are stored temporarily and refreshed periodically to maintain accuracy. This approach balances the need for real-time data with system performance, ensuring smooth and efficient global financial transfers. The system may further include security features to protect transaction data and prevent unauthorized access. By caching FX rates at scheduled times, the system minimizes latency and ensures users receive consistent and reliable exchange rate information.
3. The global transfers computer system of claim 1 , wherein the transfer portlet is configured so that the FX rate electronically displayed on a review page is the same as the FX rate electronically displayed on a confirmation page, and comprises a final rate.
This invention relates to a global transfers computer system designed to facilitate international financial transactions. The system addresses the problem of inconsistent foreign exchange (FX) rates displayed during different stages of a transaction, which can lead to user confusion and disputes. The system includes a transfer portlet that ensures the FX rate shown on a review page is identical to the rate displayed on a confirmation page, eliminating discrepancies. This rate is designated as the final rate, meaning it is locked in and cannot be altered after confirmation. The system likely integrates with other components, such as user interfaces, transaction processing modules, and rate calculation engines, to provide a seamless and transparent transfer experience. By maintaining consistency in FX rate display, the system enhances trust and reduces errors in cross-border transactions. The invention is particularly useful for financial institutions and fintech platforms handling international payments, where accurate and reliable rate information is critical. The system may also include features to validate rates, handle currency conversions, and ensure compliance with regulatory requirements. Overall, the invention improves the reliability and transparency of global financial transfers by standardizing FX rate presentation throughout the transaction workflow.
4. The global transfers computer system of claim 1 , wherein the transfer portlet is configured so that the FX rate electronically displayed on a review page comprises an indicative rate responsive to a centralized multi base currency configuration, and the FX rate electronically displayed on a confirmation page comprises a final rate.
This invention relates to a global transfers computer system designed to facilitate international financial transactions. The system addresses the challenge of providing accurate and transparent foreign exchange (FX) rates to users during the transaction process. The system includes a transfer portlet, which is a user interface component that displays FX rates to users at different stages of a transaction. The FX rate shown on a review page is an indicative rate, which is dynamically adjusted based on a centralized multi-base currency configuration. This configuration allows the system to account for multiple currencies and their interrelationships, ensuring that the indicative rate reflects current market conditions and institutional policies. Once the user confirms the transaction, the system displays a final FX rate on a confirmation page, which may differ from the indicative rate due to market fluctuations or other factors. This approach ensures that users have visibility into the FX rate before finalizing the transaction, while also accommodating real-time market changes. The system improves transparency and reduces discrepancies between expected and final rates, enhancing user trust and satisfaction in global financial transactions.
5. The global transfers computer system of claim 1 , wherein the global transfers computer application is configured to electronically provide different rates to different customers based on predetermined criteria.
A computer system facilitates global financial transfers by processing transactions between different financial institutions across multiple countries. The system includes a global transfers computer application that manages these transactions, ensuring compliance with regulatory requirements and optimizing transfer efficiency. A key feature of the system is its ability to dynamically adjust transfer rates for different customers based on predetermined criteria, such as customer loyalty, transaction volume, or geographic location. This allows the system to offer personalized pricing while maintaining profitability and regulatory compliance. The application also handles currency conversion, fee calculations, and settlement processes, ensuring seamless execution of cross-border transactions. By integrating with various financial institutions and regulatory databases, the system ensures accurate and secure transfers while minimizing delays and errors. The dynamic rate adjustment feature enhances customer satisfaction by providing competitive pricing tailored to individual needs, while the system's robust infrastructure ensures reliability and scalability for high-volume transactions.
6. The global transfers computer system of claim 5 , wherein the predetermined criteria comprise at least one of proposition, global proposition, tier, transfer amount, and transaction volume.
This invention relates to a global transfers computer system designed to facilitate and manage financial transactions across international boundaries. The system addresses challenges in cross-border payments, such as inefficiencies, high costs, and regulatory compliance issues, by providing a structured framework for processing transfers based on predefined criteria. The system includes a networked computer system that processes global financial transfers by evaluating transactions against predetermined criteria. These criteria may include propositions, global propositions, tiers, transfer amounts, and transaction volumes. Propositions refer to specific conditions or rules governing the transfer, while global propositions apply universally across multiple jurisdictions. Tiers categorize transactions based on risk or priority levels, and transfer amounts and transaction volumes help determine processing priorities or fees. The system dynamically assesses these factors to ensure compliance, optimize routing, and minimize delays. Additionally, the system may include modules for validating transactions, applying regulatory requirements, and selecting optimal transfer routes. By analyzing the specified criteria, the system ensures that transfers are executed efficiently while adhering to legal and financial standards. This approach enhances transparency, reduces operational risks, and improves the overall reliability of global financial transactions.
7. The global transfers computer system of claim 1 , wherein the global transfers computer application is configured to provide different rates to different customers based on global proposition.
A computer system facilitates global financial transfers by enabling users to send and receive funds across international borders. The system includes a global transfers computer application that processes transactions between users, ensuring secure and efficient movement of money. A key feature of this system is its ability to offer different transaction rates to different customers based on a global proposition. This proposition may include factors such as customer loyalty, transaction volume, geographic location, or other business considerations. By dynamically adjusting rates, the system optimizes profitability while maintaining competitive pricing for users. The application may also integrate with banking networks, payment processors, or other financial institutions to execute transfers. Additionally, the system may include user interfaces for initiating and tracking transfers, as well as backend processing modules to handle currency conversion, compliance checks, and fraud detection. The dynamic pricing model allows the system to cater to diverse customer segments, ensuring flexibility in service offerings while maximizing revenue. This approach enhances user experience by providing tailored financial solutions while maintaining operational efficiency.
8. The global transfers computer system of claim 7 , wherein the global transfers computer application is configured to apply a globally consistent default spread for each proposition.
A computer system for managing global financial transfers applies a standardized default spread to each financial proposition. The system includes a global transfers computer application that processes financial transactions across multiple jurisdictions, ensuring compliance with local regulations while maintaining a uniform default spread. The default spread is a fixed or variable financial margin applied to transactions to account for currency exchange rates, fees, or other financial adjustments. The system ensures that this spread is consistently applied across all transactions, regardless of the jurisdiction or currency involved. This standardization simplifies financial operations, reduces discrepancies, and improves transparency in global financial transfers. The system may also include a user interface for monitoring and adjusting the default spread as needed. The application interacts with financial institutions, regulatory bodies, and other stakeholders to enforce the consistent application of the spread, ensuring fairness and predictability in global financial transactions.
9. The global transfers computer system of claim 1 , wherein the electronic global transfer instructions comprise electronic instructions to perform at least one of an immediate transfer, a future transfer, and a recurring transfer.
This invention relates to a global transfers computer system designed to facilitate international financial transactions. The system addresses the inefficiencies and complexities of cross-border payments, such as delays, high fees, and currency conversion challenges, by providing a streamlined digital platform for executing transfers. The system includes a networked computer infrastructure that processes electronic global transfer instructions, enabling users to initiate and manage international payments. The system supports multiple transfer types, including immediate transfers for real-time transactions, future transfers scheduled for a specific date, and recurring transfers for periodic payments. These instructions are processed through a centralized system that handles currency conversion, compliance checks, and transaction routing across different financial institutions. The system ensures secure and efficient execution of transfers while minimizing manual intervention and reducing processing times. By integrating these features, the invention provides a unified solution for individuals and businesses to conduct global financial transactions with flexibility and reliability. The system's ability to handle various transfer types ensures adaptability to different user needs, from one-time payments to automated recurring transactions. The underlying technology optimizes transaction speed, cost, and accuracy, addressing key pain points in international money movement.
10. The global transfers computer system of claim 1 , wherein the global transfers computer application includes at least one of a computerized customer service representative component and a computerized reconciliation component providing administrative functionality for staff users.
This invention relates to a global transfers computer system designed to facilitate and manage financial transactions across international boundaries. The system addresses challenges in cross-border payments, including delays, high fees, and lack of transparency, by providing a streamlined platform for processing transfers between different financial institutions and currencies. The system includes a global transfers computer application that enables users to initiate, track, and manage international transfers. The application provides administrative functionality through at least one of two components: a computerized customer service representative component and a computerized reconciliation component. The customer service representative component assists users with inquiries, troubleshooting, and transaction support, while the reconciliation component ensures accuracy and consistency in financial records by automating the matching and verification of transactions. These components enhance operational efficiency, reduce errors, and improve user experience by providing real-time assistance and automated reconciliation processes. The system is designed to integrate with existing financial infrastructure, ensuring seamless interoperability with banks, payment networks, and other financial service providers.
11. The global transfers computer system of claim 1 , wherein the global transfers computer application is configured to perform automated distribution of FX income to the credit side bank and debit side bank.
The invention relates to a global transfers computer system designed to facilitate automated foreign exchange (FX) income distribution in cross-border banking transactions. The system addresses inefficiencies in manually allocating FX income between the credit side bank (the bank receiving funds) and the debit side bank (the bank sending funds) in international transfers. Traditional methods often involve manual calculations and reconciliations, leading to delays, errors, and compliance risks. The system includes a global transfers computer application that automates the distribution of FX income. This application calculates the FX income generated from currency conversion during the transfer and allocates it proportionally between the credit and debit side banks. The automation ensures accurate, real-time distribution, reducing operational overhead and improving compliance with regulatory requirements. The system may also integrate with existing banking infrastructure to streamline the process further. The automated distribution feature eliminates the need for manual intervention, minimizing human error and ensuring consistent application of FX income allocation rules. The system can be configured to handle various currency pairs and transaction types, making it adaptable to different banking environments. By automating this process, the system enhances efficiency, reduces costs, and improves transparency in cross-border financial transactions.
12. The global transfers computer system of claim 1 , wherein the global transfers computer application is configured to electronically receive transaction summaries from a plurality of operational and settlement accounts.
A global transfers computer system facilitates cross-border financial transactions by integrating multiple operational and settlement accounts across different financial institutions. The system addresses inefficiencies in traditional cross-border payment processes, such as delays, high fees, and lack of transparency, by automating transaction reconciliation and settlement. The system includes a global transfers computer application that processes transaction data in real-time, ensuring accurate and timely settlements between accounts held in different currencies and jurisdictions. The application is configured to electronically receive transaction summaries from a plurality of operational and settlement accounts. These accounts are maintained by various financial institutions and are used to hold funds during the transfer process. The transaction summaries include details such as transaction amounts, currencies, sender and recipient information, and settlement status. By aggregating this data, the system provides a unified view of all transactions, enabling faster reconciliation and reducing the risk of errors or discrepancies. The system further includes a network interface for communicating with external financial institutions and a database for storing transaction records. The application processes the received transaction summaries to verify transaction details, match corresponding debits and credits, and initiate settlements. This automation minimizes manual intervention, reduces processing time, and improves the reliability of cross-border transactions. The system also supports compliance with regulatory requirements by maintaining audit trails and generating reports for regulatory bodies.
13. The global transfers computer system of claim 1 , wherein the global transfers computer application is configured to generate one or more FX income reports reporting FX income by proposition.
A computer system for managing foreign exchange (FX) transactions across multiple financial propositions generates detailed reports on FX income. The system includes a global transfers application that processes FX transactions between different currencies, tracking the income generated from these conversions. The application is configured to produce one or more FX income reports, which break down the income by individual financial propositions, such as different products, services, or business units. These reports provide insights into the profitability and performance of each proposition in the FX market, allowing financial institutions to analyze revenue streams and optimize their offerings. The system may also include user interfaces for viewing and managing these reports, as well as data storage for recording transaction details and income calculations. By automating the generation of proposition-specific FX income reports, the system helps financial institutions monitor and improve their FX-related revenue performance efficiently.
14. The global transfers computer system architecture of claim 1 , wherein the transfer portlet is configured to electronically receive customer confirmation of transfer details, and to electronically transmit a data message to the global transfers computer application to execute the automatic transfer responsive to the customer confirmation.
This invention relates to a global transfers computer system architecture designed to facilitate automated financial transfers across international boundaries. The system addresses the inefficiencies and delays in traditional cross-border payment methods by providing a streamlined, digital process for initiating and executing transfers. The architecture includes a transfer portlet, which is a user interface component that allows customers to input and confirm transfer details, such as recipient information, transfer amounts, and currency conversions. Once the customer reviews and confirms these details, the portlet generates a data message containing the transfer instructions. This message is then transmitted to a global transfers computer application, which processes the request and executes the transfer automatically. The system ensures that the transfer is completed without requiring manual intervention, reducing processing time and minimizing errors. The architecture also includes a global transfers computer application that handles the backend processing of the transfer, including currency conversion, compliance checks, and communication with financial institutions. The system is designed to operate in real-time, providing customers with immediate feedback on the status of their transfers. This approach improves the reliability and speed of international payments, making it particularly useful for businesses and individuals who require fast, secure cross-border transactions.
15. The global transfers computer system architecture of claim 1 , wherein the front end portlet is configured to receive updated electronic global transfer instructions for at least one of a future transfer and a recurring transfer.
The invention relates to a computer system architecture for managing global financial transfers, addressing the need for efficient handling of future and recurring international transactions. The system includes a front-end portlet that allows users to submit updated electronic instructions for global transfers. These instructions can pertain to either future transfers (scheduled for a specific date) or recurring transfers (repeated at regular intervals). The front-end portlet interfaces with a back-end processing system that executes the transfers according to the provided instructions, ensuring timely and accurate execution across different financial institutions and jurisdictions. The system may also include authentication mechanisms to verify user identity and authorization before processing transfer requests. By enabling dynamic updates to transfer instructions, the system improves flexibility and reduces errors in global financial transactions. The architecture supports various transfer types, including cross-border payments, currency conversions, and recurring billing, while maintaining compliance with regulatory requirements. The system's modular design allows integration with existing financial networks and banking platforms, enhancing interoperability and scalability.
16. The global transfers computer system architecture of claim 1 , wherein the front end portlet provides an FX calculator user interface functionality to display a list of currencies eligible for foreign exchange rate calculation, to receive from the customer computer a selection of currencies and an amount to be converted, and to display a conversion amount responsive thereto.
This invention relates to a global transfers computer system architecture designed to facilitate foreign exchange (FX) transactions. The system addresses the need for efficient, user-friendly currency conversion and transfer capabilities in financial transactions. A key component is a front-end portlet that provides an FX calculator user interface. This interface allows users to view a list of currencies available for exchange rate calculations. Users can select a pair of currencies and input an amount to be converted. The system then processes this input and displays the converted amount based on current exchange rates. The portlet ensures real-time, accurate currency conversion, enhancing transparency and convenience for users conducting international transactions. The architecture integrates this functionality seamlessly into a broader financial system, enabling smooth execution of cross-border transfers. The FX calculator simplifies the process of determining conversion values, reducing errors and improving user experience in global financial operations.
17. A computer implemented method for performing global transfers of supported and unsupported currencies between accounts held by the same user comprising: receiving, by a global customer data application running on a control system, customer information including a plurality of personal internet banking system (FIB) profiles of information for a customer having accounts with a registered internet bank in more than one country where the bank is subject to a plurality of global treasury jurisdictions of that country, each global treasury having a respective transfer rate for that country; storing, in a centralized customer database residing in the control system by the global customer data application, the customer information including the FIB profile information, where the FIB profiles for a customer for each bank account are linked, where the linked profiles are used for single sign on (SSO) when accessing that customer's accounts in different countries and for a global view of all international accounts that provides for global transfer between customer accounts; receiving, at a front end application portlet running on the control system, electronic global transfer instructions from a customer associated with a customer, wherein the front end application portlet is configured to provide integration into a personal internet banking system (FIB) of the customer and capture and validate amended instructions received from the customer computer, where the global customer data application authenticates the FIB of the customer, and upon authentication, provides the customer with access to linked PIBs for that customer all countries which that customer has accounts without requiring the customer to verify the PIBs in any other country's account; generating a user interface, by the control system, where the user interface comprises a country selection portlet running on the control system, by retrieving a list of customer-linked profiles from a regional SSO server, displaying a list of countries that are electronically linked and owned by the customer and are available for global transfers, receiving, at a transfer portlet running on the control system, selections of countries that are to transfer funds from a debited side account to a credit side account from the customer computer, and verifying that the two countries selected by the customer are transactable; processing, by a global transfers application running on the control system, the electronic global transfer instructions received by the front end application portlet and the user interface at an enterprise application interface displayed from the customer computer and, responsive to said processing the electronic global transfer instructions, generating an electronic global transfer message to process an automatic transfer of funds from a debit side account of the customer with a debit side bank in a debit side country having debit side country specific requirements and rates to a credit side account of the customer with a credit side bank in a credit side country having credit side country specific requirements and rates, wherein the electronic global transfer message comprises a FX electronic transfer instruction or a non-FX electronic transfer instruction to be used in the automatic transfer between the debit side account in the debit side country and the credit side account in the credit side country; wherein the global customer data application is configured to process an automated linking validation comprising electronically verifying that a debit side profile associated with the debit side account in the debit side country and a credit side profile associated with the credit side account in the credit side country correspond to the same customer information, and generate a linking validation result responsive thereto; where the automated linking validation further comprises analyzing at least one of front end (FE) updates to a regional single sign on (SSO) server, customer service representative (CSR) updates to the regional SSO server, SSO linking notifications to the global customer data application, global customer data application customer information retrieved from an entity system, and same person validation status retrieved using global name recognition (GNR); wherein the global transfers application is configured to electronically connect with the global customer data application to process a transfer authorization comprising electronically retrieving the linking validation result, electronically retrieving security compliance data matching (SCDM) scanning information for the customer account from the centralized customer database, and generating a transfer authorization result responsive thereto, wherein the SCDM provides a watchlist scan that performs a global compliance authorization check on the customer; where, when at least one of the debit side account in the debit side country and the credit side account in the credit side country has one or more joint parties for whom there is no SCDM scanning information stored in the centralized customer database, the global transfers application is configured to electronically connect with a third party system to perform a real time global compliance check for the joint parties; receiving, at a foreign exchange application running on the control system electronically connecting to the local treasury system and global treasury system by a treasury application programming interface, real time rates for FX transfers, and processing the real time rates when determining transfer FX rates that are used in the automatic transfer between the debit side account in the debit side country and the credit side account in the credit side country, wherein the foreign exchange application interfaces in real-time with a global treasury system to process debit side FX rates for currencies supported by the global treasury to determine debit side transfer FX rates, and wherein the foreign exchange application interfaces with the local treasury system to process credit side FX rates for currencies unsupported by the global treasury to determine credit side transfer FX rates, where the foreign exchange application is further configured to cache the rates for all the currency pairs and store them in the foreign exchange management application processor, and use cached rates during outages and weekend transfers; where the foreign exchange application comprises a foreign exchange management application process to generate and electronically transmit to the local treasury system an electronic request for quote (RFQ) to obtain the credit side FX rates for unsupported currencies to execute said processing by the at least one central processing unit to determine the credit side transfer FX rates, wherein the foreign exchange application is configured to generate a separate RFQ for each transaction, enabling a single deal per transaction; and wherein the foreign exchange application comprises a foreign exchange aggregation application process to obtain the debit side FX rates for supported currencies streamed in real-time from the global treasury system to execute said processing by the at least one central processing unit to determine the debit side transfer FX rates; wherein the global transfers application is further configured to execute the automatic transfer between the debit side account in the debit side country and the credit side account in the credit side country responsive to the transfer authorization result; where the control system, global treasury system, and local treasury system comprise at least one processor and a memory comprising program instructions, wherein the program instructions are executable by the at least one processor.
This invention relates to a system for enabling global currency transfers between accounts held by the same user across multiple countries, addressing the challenges of managing cross-border transactions involving both supported and unsupported currencies. The system integrates customer profiles from different countries into a centralized database, allowing users to access and manage their international accounts through a single sign-on (SSO) mechanism. The system verifies account ownership and compliance through automated linking validation, ensuring that transfers are only processed between accounts belonging to the same customer. It supports both foreign exchange (FX) and non-FX transfers, retrieving real-time FX rates from global and local treasury systems. For unsupported currencies, the system generates electronic requests for quotes (RFQs) to obtain necessary rates. The system also performs real-time compliance checks, including watchlist scans, to ensure regulatory adherence. Transfers are executed automatically once authorization is confirmed, with cached rates used during system outages or weekends. The system ensures seamless integration with existing internet banking platforms while providing a unified view of all linked accounts.
18. The computer implemented method for performing global transfers of claim 17 , further comprising caching the real time rates, by the at least one computer implementing the foreign exchange computer application, at a predetermined time.
This invention relates to a computer-implemented method for performing global transfers of funds or assets, particularly in the context of foreign exchange (FX) transactions. The method addresses inefficiencies in real-time currency conversion by caching exchange rates at predetermined times to improve transaction speed and reliability. The system involves at least one computer running a foreign exchange application that facilitates cross-border transfers. The method includes obtaining real-time exchange rates from a data source, such as a financial institution or market data provider, and storing these rates in a cache at scheduled intervals. This pre-fetching and caching mechanism ensures that the most current rates are readily available when needed, reducing latency and dependency on live data feeds during high-volume or time-sensitive transactions. The method may also involve validating the cached rates against predefined criteria, such as freshness or accuracy thresholds, before using them for conversions. By proactively caching rates, the system minimizes delays and potential disruptions caused by network latency or data source unavailability, enhancing the efficiency of global financial transfers. The invention is particularly useful in applications requiring rapid, high-volume currency conversions, such as international payments, trading platforms, or remittance services.
19. The computer implemented method for performing global transfers of claim 17 , further comprising electronically displaying on a review page, by the user interface, the same FX rate as is electronically displayed on a confirmation page, wherein the FX rate displayed on the review page is a final rate.
This invention relates to a computer-implemented method for performing global transfers, specifically addressing the need for consistency and transparency in foreign exchange (FX) rates during the transfer process. The method ensures that the FX rate displayed to a user during the review stage of a transfer is the same as the rate shown on the confirmation page, eliminating discrepancies that can lead to user confusion or disputes. The review page allows users to verify the final FX rate before confirming the transaction, ensuring that the rate remains unchanged from the time of review to confirmation. This consistency helps build trust and reduces the risk of errors or misunderstandings in cross-border financial transactions. The method is part of a broader system that facilitates secure and efficient global transfers, including features for initiating transfers, selecting currencies, and confirming transaction details. The focus on displaying the final FX rate on both the review and confirmation pages ensures that users have a clear and reliable reference point throughout the process.
20. The computer implemented method for performing global transfers of claim 17 , further comprising electronically displaying on a review page, by the user interface, an indicative rate responsive to a centralized multi base currency configuration, and electronically displaying on a confirmation page, by the user interface, a final rate.
This invention relates to a computer-implemented method for performing global financial transfers, specifically addressing the challenge of providing transparent and accurate exchange rate information to users during the transfer process. The method involves a centralized multi-base currency configuration that dynamically calculates and displays an indicative rate on a review page, allowing users to preview the expected exchange rate before finalizing the transaction. Additionally, the method ensures clarity by displaying a final rate on a confirmation page, confirming the exact rate applied to the transfer. This approach enhances user trust and decision-making by providing real-time, transparent rate information throughout the transfer workflow. The system integrates with a user interface to facilitate seamless interaction, ensuring users can easily review and confirm transfer details before execution. The method also includes steps for validating user input, processing transfer requests, and executing the transfer while maintaining compliance with financial regulations. The centralized currency configuration allows for efficient rate management across multiple currencies, improving operational efficiency and reducing discrepancies in rate calculations. This solution is particularly useful in financial services, remittance platforms, and international payment systems where accurate and transparent exchange rate information is critical.
21. The computer implemented method for performing global transfers of claim 17 , further comprising electronically providing different rates to different customers, by the global transfers computer application, based on predetermined criteria.
This invention relates to a computer-implemented method for performing global financial transfers, addressing inefficiencies in cross-border payment systems by enabling dynamic pricing based on customer-specific criteria. The method involves a global transfers computer application that processes international transactions while applying variable rates to different customers. These rates are determined by predetermined criteria, which may include factors such as customer loyalty, transaction volume, geographic location, or risk profiles. The system ensures that each customer receives a tailored rate, optimizing both profitability for the service provider and cost-effectiveness for the user. The underlying global transfer process involves secure, real-time currency conversion and settlement, with the added feature of personalized pricing enhancing flexibility and competitiveness in the financial services market. This approach improves user experience by aligning costs with individual needs while maintaining regulatory compliance and operational efficiency. The invention aims to streamline cross-border transactions by integrating dynamic pricing into existing financial transfer systems, reducing friction for customers and increasing adaptability for service providers.
22. The computer implemented method for performing global transfers of claim 21 , wherein the predetermined criteria comprise at least one of proposition, global proposition, tier, transfer amount, and transaction volume.
This invention relates to a computer-implemented method for performing global transfers, addressing inefficiencies in cross-border financial transactions. The method automates the transfer of funds between financial institutions or accounts based on predefined criteria, ensuring compliance, accuracy, and speed in global transactions. The system evaluates transfer requests against criteria such as propositions, global propositions, tiers, transfer amounts, and transaction volumes to determine eligibility and routing. Propositions may include specific conditions like regulatory requirements or institutional agreements, while global propositions define broader transaction rules applicable across multiple jurisdictions. Tiers categorize transactions by priority or risk level, and transfer amounts and transaction volumes help assess financial thresholds. The method dynamically adjusts transfer parameters based on these criteria, optimizing processing time and reducing errors. By integrating these factors, the system ensures secure, compliant, and efficient global fund transfers, addressing challenges in traditional cross-border payment systems.
23. The computer implemented method for performing global transfers of claim 17 , further comprising electronically providing different rates to different customers, by the global transfers computer application, based on global proposition.
This invention relates to a computer-implemented method for performing global financial transfers, addressing inefficiencies in cross-border payment systems. The method enables secure, real-time transfers of funds between different countries while optimizing transaction costs and processing times. A global transfers computer application facilitates these transactions, ensuring compliance with international financial regulations and minimizing currency conversion fees. The method includes dynamically adjusting transfer rates based on a global proposition, which considers factors such as exchange rates, transaction volumes, and customer profiles. Different customers receive customized rates, allowing financial institutions to offer competitive pricing while maintaining profitability. The system also integrates with multiple banking networks and payment processors to ensure seamless fund movement across jurisdictions. Additionally, the method supports risk assessment and fraud detection by analyzing transaction patterns and customer behavior. Real-time notifications and reporting features provide transparency to users, enhancing trust in the system. The invention improves upon existing global payment solutions by reducing delays, lowering costs, and increasing flexibility in pricing models. This approach benefits businesses and individuals conducting international transactions by providing faster, more cost-effective, and personalized financial services.
24. The computer implemented method for performing global transfers of claim 23 , further comprising applying, by the global transfers computer application, a globally consistent default spread for each proposition.
This invention relates to a computer-implemented method for performing global transfers of financial instruments, specifically addressing the challenge of ensuring consistency in pricing and risk management across multiple markets or portfolios. The method involves a global transfers computer application that facilitates the transfer of financial propositions, such as derivatives or other tradable instruments, between different entities or systems while maintaining a unified approach to valuation and risk assessment. The method includes applying a globally consistent default spread to each proposition during the transfer process. A default spread is a measure used to adjust the pricing of financial instruments to account for differences in credit risk, liquidity, or other market factors. By applying a standardized spread across all propositions, the method ensures that transfers are executed in a way that reflects a consistent risk and pricing framework, reducing discrepancies that could arise from varying local market conditions or internal valuation models. The global transfers computer application manages the transfer process, including the application of the default spread, to maintain coherence in the valuation and risk profiles of the transferred propositions. This approach is particularly useful in large financial institutions or multi-market environments where maintaining consistency in pricing and risk management is critical for regulatory compliance, internal reporting, and strategic decision-making. The method may also include additional steps such as validating the transferred propositions, reconciling discrepancies, and generating reports to ensure transparency and accuracy in the transfer process.
25. The computer implemented method for performing global transfers of claim 17 , wherein the electronic global transfer instructions comprise electronic instructions to perform at least one of an immediate transfer, a future transfer, and a recurring transfer.
This invention relates to computer-implemented methods for performing global financial transfers, addressing the need for efficient, flexible, and secure cross-border transactions. The method enables users to initiate and manage global transfers through electronic instructions, which can be executed by a computer system. These instructions include options for different types of transfers: immediate transfers for real-time processing, future transfers scheduled for a later date, and recurring transfers set up for periodic execution. The system processes these instructions by validating the transfer details, converting currencies if necessary, and executing the transfer according to the specified type. The method ensures compliance with regulatory requirements and provides transaction tracking and confirmation. The invention improves the efficiency and flexibility of global financial transactions by automating the transfer process and offering multiple transfer options to meet varying user needs.
26. The computer implemented method for performing global transfers of claim 17 , further comprising providing administrative functionality for staff users, by the global transfers computer application, via at least one of a computerized customer service representative component and a computerized reconciliation component.
This invention relates to a computer-implemented method for performing global transfers of funds or assets across international boundaries. The method addresses the challenge of efficiently and securely facilitating cross-border transactions while ensuring compliance with regulatory requirements and minimizing errors. The system includes a global transfers computer application that automates the transfer process, reducing manual intervention and improving transaction speed and accuracy. The method involves processing transfer requests, validating transaction details, and executing transfers while adhering to legal and financial regulations. It integrates with various financial institutions and regulatory bodies to ensure compliance. The system also includes administrative functionality for staff users, accessible through a computerized customer service representative component or a computerized reconciliation component. These administrative tools allow staff to monitor, adjust, and reconcile transactions, resolve discrepancies, and provide customer support. The reconciliation component ensures that all transactions are accurately recorded and balanced, while the customer service representative component enables staff to assist users with inquiries or issues related to their transfers. The system enhances transparency, reduces operational risks, and improves the overall efficiency of global financial transactions.
27. The computer implemented method for performing global transfers of claim 17 , further comprising performing, by the global transfers computer application, automated distribution of FX income to the credit side bank and debit side bank.
This invention relates to financial systems for performing global transfers, particularly in foreign exchange (FX) transactions. The problem addressed is the inefficiency and complexity in distributing FX income between participating banks during cross-border transactions. The system automates the allocation of FX income to the credit side bank and debit side bank involved in the transfer, ensuring accurate and timely distribution without manual intervention. The method involves executing global transfers, which include processing cross-border payments while accounting for currency exchange rates and fees. The automated distribution of FX income is integrated into this process, eliminating the need for separate reconciliation steps. The system ensures that the income generated from currency conversion is fairly and automatically split between the banks handling the transaction, improving operational efficiency and reducing errors. This automation streamlines the settlement process, making it faster and more reliable for financial institutions involved in international transfers. The invention enhances transparency and reduces the administrative burden associated with FX income distribution in global banking operations.
28. The computer implemented method for performing global transfers of claim 17 , further comprising electronically receiving, by the global transfers computer application, transaction summaries from a plurality of operational and settlement accounts.
This invention relates to a computer-implemented method for performing global financial transfers, addressing inefficiencies in cross-border payment processing. The method involves electronically receiving transaction summaries from multiple operational and settlement accounts, which are used to facilitate and reconcile global transfers. These accounts are linked to different financial institutions or entities involved in the transfer process. The transaction summaries provide detailed records of individual transactions, including amounts, currencies, and involved parties, enabling real-time tracking and verification of funds movement. The method ensures accurate settlement by cross-referencing transaction data across accounts, reducing discrepancies and delays. It also supports multi-currency transactions, currency conversion, and compliance checks, such as anti-money laundering (AML) and know-your-customer (KYC) verifications. The system automates the reconciliation process, minimizing manual intervention and improving efficiency in global financial operations. The method is particularly useful for financial institutions, payment processors, and businesses conducting international transactions, providing a streamlined and secure way to manage cross-border payments.
29. The computer implemented method for performing global transfers of claim 17 , further comprising generating, by the global transfers computer application, one or more FX income reports reporting FX income by proposition.
This invention relates to financial systems for performing global transfers, specifically addressing the need for accurate tracking and reporting of foreign exchange (FX) income generated by different financial propositions. The method involves a computer application that facilitates global transfers between financial accounts, including currency conversions. The system generates detailed FX income reports that categorize and quantify the income derived from these currency conversions by specific financial propositions. This allows financial institutions to analyze the profitability and performance of different financial products or services. The reports provide transparency into how much revenue is generated from FX activities associated with each proposition, enabling better financial planning and strategic decision-making. The system automates the reporting process, reducing manual effort and improving accuracy in tracking FX income across multiple propositions. This solution is particularly useful for institutions managing international transactions and seeking to optimize their FX income streams.
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October 13, 2020
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